Spain's luxury property market has seen remarkable growth, with recent research revealing that 92% of buyers in the country's high-end residential sector are foreign. This foreign investment surge highlights Spain's increasing appeal as a prime destination for luxury real estate.
Almost half (49%) of these buyers come from outside the European Union, with the largest groups hailing from Mexico, Colombia, and Venezuela in the Americas, Russia, China, and various Arab nations in Asia. Non-EU buyers now outnumber European investors by six percentage points, with Europeans making up 43% of total purchases. Among European buyers, nationals from France, Italy, and Greece are the most prominent, alongside a strong presence from British buyers. The British remain highly active in Spain's luxury market, particularly in coastal regions and popular expat hubs. Meanwhile, Spanish nationals account for just 8% of luxury home purchases in the country.
Spain's luxury real estate market has become a key destination for international buyers seeking exclusive properties, largely due to the security of such investments. Cities such as Madrid and Barcelona remain highly sought after, as well as coastal areas like the Costa del Sol and Costa Dorada. An emerging hotspot is San Sebastián, which is gaining increasing attention from overseas investors.
Over the past decade, the average price per square metre in Spain's most prestigious neighbourhoods has risen by 75%, reaching up to €8,000 per square metre. With this trend showing no signs of slowing down, the demand for premium properties will continue growing. As Spain cements its position in the global luxury property market, experts predict further increases in international buyers and property prices in the coming years.
